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BANK CLOSED In Massachusetts, But President of Institution Says Depositors Will Be Paid in Full. By Associated Press. Taunton, Mass., Feb. 27-The Taunton Safe Deposit and Trust Company closed its doors to-day. A receiver will be ap pointed. The liabilities are $602,966. The president says the depositors will be paid in full.
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TAUNTON TRUST COMPANY HAS SUSPENDED BUSINESS. The doors of the Taunton Safe Deposit and Trust company, whose place of business is located on Main street, that city, were MAINE MAN closed today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston, INDICTED Monday. At that time the state bank commissioners will ask that a receiver be appointed for the institution. FOR MURDER The company is said to have suffered from unprofitable investDover, Maine, Feb. 27.-An indictment ments, but President Edward H. Temple stated today that he believed was found against Charles H. Wyman of Kingsbury charging him with the killing the capital stock would be sufficient to cover all losses and that the of his wife at their home three months ago, by the grand jury of the supreme depositors would be paid in full. indicial court. Wymen will be tried next
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THIS BANKING HOUSE MADE POOR INVESTMENTS Doors of Taunton Safe Deposit and Trust Co. ClosedState Bank Commissioners Will Ask for a Receiver-Liabilities are Over $600,000, but the President of the Bank Says Creditors Will Be Paid in Full. Taunton, Mass., Feb. 27.-The doors of the Taunton Safe Deposit & Trust CITY NEWS company did not open to-day as a reRead result of prize fight in to-mor sult of an injunction from the suTOW'S Sunday Telegram. preme court restraining the treasurer The Carpenters' union will hold from receiving or paying any deposits special meeting to-night at 7:30. All until after a hearing on the injunction members are requested to attend. in the supreme court at Boston, MonA special meeting of the St Thomas Cadets Athletic association will be held day. The state bank, commissioners in the Lyceum to-morrow at 12 o'clock. have announced that they will ask man who gave his name as Anthat a receiver be appointed for the in. thony Lowell was arrested to-day by stitution. The company is said to be Detective Keegan for theft of an over+ in difficulties because of poor investcoat from a friend some time ago. ments but the president, Edward H. Attorney Durant, writing from Hot Springs, Ark, says he is rapidly getTemple, claims that the depositors ting rid of his rheumatism and expects will be paid in full. The liabilities to be entirely cured before he starts for are $602,966. home. The capital stock was $200,000. The funeral of Grace Bolger will take place to-morrow afternoon from President Temple said also that he her late home on Stone street with serwould not oppose the petition for the vice at St Francis Xavier's church and appointment of a receiver when the interment in St Joseph's cemetery. case came up in the supreme court. The youngsters have turned their
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Injunction Closes Its Doors. TAUNTON, Mass., February 27.-The doors of the Taunton Safe Deposit and Trust Company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments, but the president, Edward H. Temple, claims that the depositors will be paid in full. The liabilities are $602,966.
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TAUNTON DEPOSIT CO. Doors Did Not Open as Result of An Injunction. Taunton, Mass, Feb. 27.-The doors of the Taunton Bafe Deposit & Trust company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits until after a hearing on an Injunction in the supreme court at Boston, Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficult straits because of poor investments, but the president, Edward H. Temple, asserts that the depositors will be paid in full. The liabilities are $600,000. The capital stock was $200,000. President Temple said also that he would not oppose the petition for the appointment of a receiver when the case came up in the supreme court
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TRUST COMPANY ENJOINED. Receiver Appointed for a Massachusets Financial Instituiton. Taunton, Mass., Feb. 27.-The doors of Taunton Safe Deposit and Trust company did not open its doors today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposit until after a hearing on the injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments but the president, Edward H. Temple, claims that the depositors will be paid in full. The liabilities are $602,966. The capital stock was $200,000. President Temple said he would not oppose the petition for the appointment for a receiver.
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COURT ENJOINS TRUST COMPANY Orders Doors of a Taunton Concern Closed Pending Bank Commissioners' Suit RECEIVER ASKED FOR Difficulties of Institution Said to Be Due to Poor Investments of Its Officials TAUNTON, Mass. Feb. 27. - The doors of the Taunton Safe Deposit and Trust Company did not open to-day, as a result of an injunction from the Supreme Court restraining the treasurer from receiving or paying any deposits until after a hearing on an injunction in the Supreme Court at Boston Monday. The State Bank Commissioners Have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor investments, but the president, Edward H. Temple. asserts that the depositors will be paid in full. The liabilities are $600,000. The capital stock is $200,000. Temple said he would not oppose the appointment of a receiver when the case came up in the Supreme Court. It is understood that the difficulties have developed gradually and it was not until recently that the value of securities held by the institution was questioned by the Massachusets Savings Bank Commissioners. It is said that an examination of the books has shown no discrepancies in the accounts of the institution, the company's losses having been due exclusively to misfortune in connection with investments.
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TRUST COMPANY IN FINANCIAL STRAITS Taunton, Mass., Feb. 27.-The doors of the Taunton Safe Deposit & Trust company did not open today as a result of an injunction from the supreme court restraining the treasurer from receiving or paying any deposits unti! after a hearing on an injunction in the supreme court at Boston Monday. The state bank commissioners have announced that they will ask tha: a receiver be appointed for the /institution. The company is said to be in difficult straits because of poor investments. but the president, Edward H. Temple, asserts that the depositors will be paid in full. The liabilities are $600,000. The capital stock was $200,000. President Temple said also that he would not oppose the petition for the appointment of a receiver when the case came up in the supreme court. It is understood that the difficulties have developed gradually and it was not until recently that the value of securities held by the institution was questioned by the Massachusetts saving bank commissioners. It is understood that examination of the books has shown no discrepancies in the accounts of the institution, the company's losses having been due exclusively to misfortune in connection with investment.
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TAUNTON TRUST COMPANY CLOSED. Said To Be in Trouble Because of Poor Investments-Receiver To Be Asked For. Taunton, Mass., Feb. 27.-The doors of the Taunton Safe Deposit and Trust Company did not open to-day, as a result of an injunction from the Supreme Court restraining the treasurer from receiving or paying any money until after a hearing on the injunction in the Supreme Court at Boston on Monday. The State Bank Commissioners have announced that they will ask that a receiver be appointed for the institution. The company is said to be in difficulties because of poor Investments, but the president, Edward H. Temple, says that the depositors will be paid in full. The liabilities are $602,966. The capital stock was $200,000. President Temple also says he will not oppose the petition for the appointment of a receiver when the case comes up in the Supreme Court. It is understood that the difficulties have developed gradually, and it was not until recently that the value of securities held by the institution was questioned by the Massachusetts Savings Bank Commissioners. Investigations made by the commissioners led them to ask for the temporary injunction. President Temple said to-day that the bonds, the value of which had depreciated, were mainly those of issues outside of the State. They were purchased, he said, while the bank was under the man gement of a former board of officers. Some months ago, he said, the company decided to make a change, and A. M. Gleason, who had been vicepresident and treasurer since the organization of the bank, resigned, and Percival C. Lincoln was elected to fill the vacancy. It is understood that examination of the books has shown no discrepancles in the accounts, the company's losses having been due exclusively to misfortune in connection with investments. Boston. Feb. 27.-Savings Bank Commissioners Washburn and Otis, in connection with the closing of the Taunton Safe Deposit and Trust Company, said this afternoon that they asked for an injunction simply because they found that unwise investments had made It hazardous to permit the company to continue. The commissioners expressed the belief that the depositors were safe, because the assets appeared to be enough to make good the shrinkage in investments, and if not there was & capital of $200,000 which could be assessed for any needed amount.
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FRED S. HALL APPOINTED RECEIVER. Boston, Feb. 29.-Fred S. Hall of Taunton was appointed receiver of the Taunton Safe Deposit and Trust company, which was closed on Saturday by Justice Loring of the supreme court today. Mr. Hall was favored by counsel for both sides, Attorney General Herbert S. Parker and Assistant Attorney General DeGoosh representing the savings bank commissioners, who petitioned for the appointment, and William J. Dean and Homer Albers of Boston, the directors of the trust company, and William J. Davids the larger depositors. The concern was forced to suspend business on Saturday by an injunction issued by the court upon application of the savings bank commissioners, on account of an alleged shrinkage in investments, which made it hazardous to depositors for the company to continue. Assistant Attorney General DeGoosh, in a statement made to the court today, said that the bad debts of the company would wipe out its capital of $200,000. Its liabilities, he said, were $515,000, and while it was expected that the depositors would be paid in full the stockholders probably would lose. Mr. Hall was required to furnish bonds of $50,000.
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Receiver for Trust Company. BOSTON, Feb. 29.-Fred S. Hall, of Taunton, was appointed receiver of the Taunton Safe Deposit and Trust Company to-day. The company closed its doors on Saturday, the savings bank commissioners having secured an injunction on the ground that a shrinkage in its investments made it hazardous for the concern to continue. Counsel for the bank commissioners informed the court to-day that the liabilities were $515,000. Counsel stated also that the bad debts of the company would wipe out its capital of $200,000.
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CONDENSED DISPATCHES. Kid Goodman of Boston, and Jack 10 McClellan of Pittsburg. fought rounds to a draw, Thursday night at Louis. Goodman had a shade the St. better of the early rounds, but towards the end McClellan was the better. A dispatch was received at Berlin, Thursday, from the Governor of GerSouthwest Africa, Colonel Leut- Volkwein, man announcing that Lieut. retachwith 22 men engaged a mann ment of Hereros west of Okankawindi, and April 28, killing 31 of the natives losing one man killed. George E. Hodgden, for 20 years the trusted bookkeeper of the Clinton Wire Cloth Co., and the Bigelow Carpet Co., of Boston, was, Thursday. sentenced term of from four to seven years for to a the embezzlement of $30,000 from the the two companies. Hodgdon lost money in speculations and on the race tracks. Before the West End A. C. at LawMass., Thursday night. Tommy Sullivan rence, of Lawrence knocked out Guy Ashley of Fall River in the twelfth and final round. Sullivan's superiority was evident from the start, and only Ashley's staying powers and gameness the saved him from defeat earlier in contest. During swimming contests in connection with the opening of a public J.. bathing pavilion in Jersey City, N. AthC. M. Daniels, of the New York world letic Club, has established a new record of 1.10 for 110 yards. The course of included four turns. The old record San 1.13 1-5 was made by J. Leary at Francisco in March 1902. The total amount of assets of the of Tauton Safe Deposit and Trust Co. Taunton, Mass., is $477,232. according to the report of Receiver Fredk. S. Hall. suwhich has just been filed in the this judicial court at Boston. Of amount preme $318,808 is in loans and $111.005 in bonds. Among the liabilities are $258,477 due depositors. The capital its stock is $200,000. The bank closed doors, last winter. The long pending bitter legal contest of between the Burns-Hicks factions the Knights of Labor was decided, Thursday, in favor of the former by of Anderson of the District equity court. A. Hicks declares Columbia Justice Henry The and decision masters Simon Burns, successively general 1 and wokmen, to have been the leg pope offices of the code and in a sweeping way upholds their contention. Bernard S. Horne, who was Bessie Anthony. won National and Western Golf Miss Mrs. the champion. titles of in last year, will not defend her title Glenthe Western championship at Pittsview. Ill., this year. Her rival to Horne's burg led to the waiving of Mrs. be membership at Glenview so it will of an entrant from one of the clubs the Pittsburg as that she will play in National tournament at Philadelphia. /The Colonial Baptist Society of New England. Thursday, at Lynn. Mass., Rev. elected these officers: President, first Lee C. Parrish, West Newton: vice-president, Rev. R. L. Harris, Portsmouth. N. H.: second vice-president, S. F. Phillips, Hartford, Conn.; secretary, Rev. Johnson Washington Hill, Boston; corresponding secretary, I.; Rev. D. L. Crosby, Newport. R. treasurer, Rev. W. W. Ryan, Newburyport.
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FIFTY PER CENT DIVIDEND FOR DEPOSITORS AND CREDITORS Taunton, Mass., Dec. 7.-A dividend of fifty per cent to depositors and others whose claims have been allowed will be paid beginning Dec. 15 by Receiver Frederick F. Hall of the Taunton Safe Deposit and Trust company, as a result of a decree by Judge Braley of the supreme court. The claims ready for payment including bills payable amount to $201,377. Arthur M. Alger has been appointed special master to conduct a. hearing on two disputed claims amounting to $8500. The institution was closed about a year ago by order of the bank commissioners. Its failure was due to inability to realize on certain securities